|Grapegrower & Winemaker||Wine & Viticulture Journal||Wine Industry Directory||
||Daily Wine News||
Highest price ever paid for a 750ml Australian wine post 1970
Subscribe to Daily Wine News e-mail
Browse the DWN Archive by date
A bottle of first vintage 1973 Moss Wood Cabernet Sauvignon achieved a record price of $2301 this week at Langton’s on-line auction in Melbourne.
It is the highest price ever paid for a single 750ml bottle of Australian wine post 1970. A bottle of 1974 Moss Wood Cabernet Sauvignon fetched $1726
Stewart Langton, managing director said “Moss Wood is regarded as an Australian First Growth and was classified Exceptional by Langton’s in 2005. The 1973 and 1974 vintage is extremely rare with only a few bottles in existence. Clearly collectors have competed against each other at any cost to secure this incredible fragment of Western Australian Wine history. This is a highly prized vintage which has not come up for auction for several years. The price illustrates an increasing awareness of our Australian wine heritage and the reality of the secondary wine market. In recent months we have seen strong price realisations for the best and rarest Australian wines.”
The record price could not come at a better time. Langton’s will be holding its first 2007 vintage, Great Wine Estates of Western Australia en-primeur offer between the 9th November and the 10th December 2007. This special on-line futures sale is the first of its kind in Australia and promises to attract significant interest from the cream of Australian and International wine collectors. The sale will include spectacular 2007 en-primeur vintages of Cape Mentelle, Cullen, Devil’s Lair, Leeuwin Estate, Howard Park, Moss Wood, Pierro, Plantagenet, Vasse Felix Voyager Estate & Xanadu.
Andrew Caillard, Master of Wine said “Margaret River and the Lower Great Southern enjoyed a brilliant 2007 vintage. The wines are beautifully perfumed and structured with plenty of cellaring potential. The winemakers are very excited by the overall quality of this vintage. The record price for the 1973 and 1974 Moss Wood Cabernet Sauvignon will improve overall market confidence and sentiment.”
The Great Wine Estates of Western Australia is a group of grand marque wine producers with a reputation and track record of quality and secondary wine market performance. On the 9th of November Langton’s will offer a remarkable list of 2007 vintages from the Great Wine Estates of Western Australia. Collectors will have an opportunity to purchase this great vintage at a fixed en-primeur “futures” price. Collectors can purchase these wines until the 10th December or until sold out. The wines will be ready for delivery at their normal release date
The 2007 Great Wine Estates of Western Australia will be holding Great Wine Estates of Western Australia tastings in Melbourne and Sydney during October and November. A live charity auction of imperial bottles will be held in Perth on the 30 October by Langton’s. The proceeds will be donated to the important and longstanding Busselton Population Medical Research Study first set up by the Late Doctor Kevin Cullen, the founder of Cullen Wines.